FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Sees Significant Growth in Short Interest

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 52,117 shares, a growth of 265.8% from the June 15th total of 14,249 shares. Based on an average daily trading volume, of 21,646 shares, the short-interest ratio is presently 2.4 days. Currently, 41.7% of the company’s stock are sold short.

FT Vest U.S. Equity Quarterly Max Buffer ETF Price Performance

BATS:SQMX opened at $34.28 on Tuesday. The firm has a 50-day moving average of $34.09 and a 200-day moving average of $33.72. FT Vest U.S. Equity Quarterly Max Buffer ETF has a one year low of $31.96 and a one year high of $34.37.

Hedge Funds Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter worth approximately $12,774,000. Griffith & Werner Inc. bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF during the first quarter worth $10,342,000. Cetera Investment Advisers grew its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 242,410 shares of the company’s stock worth $8,071,000 after buying an additional 28,160 shares in the last quarter. Maia Wealth LLC purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 3rd quarter valued at $3,949,000. Finally, Jane Street Group LLC purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 4th quarter valued at $594,000.

FT Vest U.S. Equity Quarterly Max Buffer ETF Company Profile

The FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter. SQMX was launched on Dec 20, 2024 and is issued by First Trust.